CL Redux

Quote from startraitor:

When I get rolling on the past. I remember this guy personally telling me what a big swinging dick he was trading the spoos....

http://www.cftc.gov/enf/00orders/enfrhythmofthemarkets.htm


Enough, this is for another thread....
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Just curious. Does the guy in question have anything to do with me? I noticed in the paper the passing reference to "Rhythm of the Markets", purported to be the name of the website as well as the software peddled by the defendant. Ironically, this is one of the points I emphasized in my Unholy Grail thread. Here's a snippet of what was written on the subject of Market Rhythm:

Time & Momentum: Market Rhythm

Does the market have its own innate rhythm? Is there a direct correlation between price relationship and market rhythm? In short, if there is indeed a rhythm that governs price movement, can we not detect distinct cycles of price pattern? This, along with the subject of market timing, will be the focus of TRAP, which I will discuss in length once I wrap up PMT.

For the time being, I would like to briefly touch upon the importance of market rhythm. Personally, I view price movement as a particular dance form that strictly adheres to the law of rhythms. The word rhythm is derived from Greek and it denotes "flow" or "cycle". In another word, it is an interval during which a recurring sequence of events occur. Sounds familiar? It should. Hence, it really all boils down to one thing for me: vibe.

Call me a vibe enthusiast. Whenever I see either strength or weakness forming in price movement, I try to also detect the underlying vibe. 1-2-3-4, 1-2-3-4, etc. I ask myself whether the strength or weakness is gaining or waning in tempo? The key is to be in synch with the vibe. Once you get the vibe down, you're then able to twist and turn in flying colors.
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For the record, it's worth noting I have no association with the dude in question. Moreover, I have never ever made any attempt to sell anything, expressed or implied. Only sin I've committed was openly divulging my system--for free. On that note, I'll let the matter rest.

BTW interesting, albeit insipid, case brought by the CFTC. There are more glaringly obvious manipulations perpetrated on a daily basis by the big Wall Street crowds and yet they always go for the small fish. Go figure!
 
Nope, just one of the pixie dust vendors I recalled. I used to regularly read cftc actions and yes, it is by and large small fish. They did just pinch someone for forcing a $100 print in cl a couple of years ago and fined his firm $10 million, but by and large it's the little guy who gets ratted on that invokes an investigation.

Quote from schizo:

Just curious. Does the guy in question have anything to do with me? I noticed in the paper the passing reference to "Rhythm of the Markets", purported to be the name of the website as well as the software peddled by the defendant. Ironically, this is one of the points I emphasized in my Unholy Grail thread. Here's a snippet of what was written on the subject of Market Rhythm:



For the record, it's worth noting I have no association with the dude in question. Moreover, I have never ever made any attempt to sell anything, expressed or implied. Only sin I've committed was openly divulging my system--for free. On that note, I'll let the matter rest.

BTW interesting, albeit insipid, case brought by the CFTC. There are more glaringly obvious manipulations perpetrated on a daily basis by the big Wall Street crowds and yet they always go for the small fish. Go figure!
More...
 
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